The minister confirmed that the temporary VAT rate of 9% for supplies of gas and electricity will be extended for a further 6-month period, up to and including 30 April 2025. This temporary rate came into effect on 1 May 2022 in response to the significant increases in the price of these utilities and has previously been extended on several occasions. The VAT rate for these supplies is now due to revert to 13.5% on 1 May 2025.
Source KPMG
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